Symbotic Inc. (NASDAQ:SYM) Receives Consensus Rating of "Hold" from Analysts

Symbotic Inc. (NASDAQ:SYM) has received a consensus rating of "Hold" from a total of seventeen analysts covering the company, according to reports. One analyst has given the stock a sell rating, while seven others have assigned a hold rating, and nine have issued buy ratings. The average price target shared among brokers who provided ratings over the last year is set at $38.33 per share.

Several financial institutions have also shared their outlooks on Symbotic (SYM). Notably, Northland Securities raised their target price from $35.00 to $41.00, expressing an "outperform" rating in their report published on January 17. On the other hand, BWS Financial maintained a "sell" rating and established a $10.00 price target for the company on January 21. Additionally, Cantor Fitzgerald reiterated an "overweight" rating with a price target of $60.00 in their recent report. Meanwhile, Raymond James adjusted their recommendation from "outperform" to "market perform." Furthermore, Oppenheimer began coverage of Symbotic on January 15 with an "outperform" rating and a target price of $35.00.

Performance of Symbotic Stock

As of Friday, this week, Symbotic's stock opened at $26.37. Over the past few months, the company's stock has displayed notable movements, with a fifty-day moving average of $27.13 and a two hundred-day moving average sitting at $26.73. The stock has experienced a 52-week low of $17.11 and a high of $50.40. Currently, Symbotic boasts a market capitalization of approximately $15.49 billion, alongside a price-to-earnings ratio of -376.66, and a P/E/G ratio of 6.45, with a beta of 1.79.

In their latest quarterly earnings report released on February 5, Symbotic reported earnings per share (EPS) of ($0.03), which exceeded analysts' anticipated EPS of ($0.04) by a margin of $0.01. The company has documented a negative net margin of 0.38% paired with a positive return on equity of 5.11%. Analysts predict that the company will achieve an EPS of 0.13 for the current fiscal year.

Recent Insider Activity

In recent news regarding insider trading, Director Todd Krasnow sold 2,000 shares on January 2 at an average price of $24.04, yielding a total of $48,080.00. As a result of this transaction, Krasnow now holds 214,036 shares, valued at around $5.15 million, marking a 0.93% reduction in their ownership. A disclosure regarding this transaction is filed with the Securities and Exchange Commission. Moreover, CFO Carol J. Hibbard also sold shares, offloading 4,055 on February 5 at an average price of $30.70 for a total of $124,488.50. After this sale, the CFO has 44,386 shares remaining, worth roughly $1.36 million, reflecting an 8.37% decrease in ownership. In total, insiders have sold 94,007 shares of the company in the past 90 days, representing about 0.60% of the total stock ownership by insiders.

Institutional Trading Activities

Recent changes in ownership stakes by institutional investors include IFP Advisors Inc., which increased its stake by 58.2% during the fourth quarter, owning 1,368 shares worth $32,000 after acquiring 503 additional shares. Castleview Partners LLC raised its holdings by 50.0% in the third quarter, now owning 1,500 shares valued at $37,000 after acquiring 500 more shares. Additionally, Private Trust Co. NA invested in a new position worth around $47,000 during the fourth quarter. Other institutions, including Arcadia Investment Management Corp and RiverPark Advisors LLC, have also added to their holdings in Symbotic, signaling interest from various institutional investors.

About Symbotic Inc.

Symbotic Inc. is an automation technology company focused on enhancing operational efficiencies within modern warehouses. The firm develops automated systems that assist with processing pallets and cases within large distribution centers, specifically catering to retail companies. Through these systems, Symbotic seeks to refine operations at the front end of the supply chain.

investment, technology, business